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Business - Page 677

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President Muhammadu Buhari. Abubakar Aliyu, minister of power, while briefing journalists

April 27, 2022

Business

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

Ikeja Electric Plc (IE), an electricity distribution company in Lagos, has disclosed that customers can get prepaid meters within 24 hours. The company, in a statement, said the one-day metering initiative, which commenced on Tuesday at its Shomolu business unit for customers

April 27, 2022

Business·Finance & Economy·News

UBA Grows Earnings By 18% As Profit Hits N44.5bn

United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross

April 27, 2022

AMA News·Business

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

The Senegal-based startup raises an additional $700,000 in its Series Seed from WIC Capital, Loftyinc Capital, Haskè Ventures and other notable investors, completing its US$1 million round. DAKAR, Senegal, 27 April, 2022 -/African Media Agency(AMA)/- Kwely Inc. today announced a new round of

April 27, 2022

Business

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

The African Development Bank Group has disclosed that a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa. President of the AfDB, Dr. Akinwumi Adesina, made this known during

April 26, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business·Top Stories

World Bank Earmarks $170bn Lifeline For Nigeria, Others

World Bank has started working on a crisis response of around $170bn in financing capacity to address the wide-ranging needs of Nigeria and other crisis-ridden countries between April 2022 and June 2023. Speaking during his address to the Development Committee of this

April 26, 2022

Business

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

Just like MTN, Airtel Africa Plc has received the Central Bank of Nigeria (CBN’s) final approval to operate as a super agent. Prime Business Africa had reported that MTN, two weeks ago, received the CBN’s final approval to operate as Momo Payment

April 26, 2022

AMA News·Business

Top Crypto Platform Bybit Launches Options Trading

DUBAI, United Arab Emirates, 26 April 2022, /African Media Agency/(AMA) – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts. Bybit’s new options

April 26, 2022

AMA News·Business

Local context through real-time data is vital for business success in Africa, says Kasi Insights

NAIROBI, Kenya, 25 April 2022 -/African Media Agency (AMA)/- Africa’s potential as a market for new business is frequently misunderstood as there has historically been a dearth of real-time market data. When asked how many companies in Africa earn annual revenues in excess

April 26, 2022

AMA News·Business

The Company for Habitat and Housing in Africa (Shelter Afrique)

Shelter Afrique’s debut ₦46 billion bond issuance in Nigeria’s capital market oversubscribed by 60.7%, reflecting strong investor appetite Shelter Afrique and counterparties of the Naira-denominated bond at the signing ceremony ABUJA, Nigeria, April 26th, 2022 -/African Media Agency(AMA)/- Shelter Afrique, the pan-African development

April 26, 2022

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Business - Page 677

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

FEC Approves Three Contracts To Boost Electricity Supply

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

UBA Grows Earnings By 18% As Profit Hits N44.5bn

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

World Bank Earmarks $170bn Lifeline For Nigeria, Others

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

Top Crypto Platform Bybit Launches Options Trading

Local context through real-time data is vital for business success in Africa, says Kasi Insights

The Company for Habitat and Housing in Africa (Shelter Afrique)

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